Japan’s Nuclear Regulation Authority (NRA) granted an initial approval on Wednesday for a Tokyo Electric Power’s (Tepco) (9501.T) plan for releasing water from the destroyed Fukushima nuclear power plant into Continue Reading
Japanese manufacturers are increasingly looking to move offshore operations to their home market, according to a Tokyo Steel Manufacturing Co. executive. The rapidly weakening yen that boosts the competitiveness of Continue Reading
Japan and the EU agreed on May 12 to cooperate and help each other’s security of LNG supply, and work together to reduce Europe’s dependency on Russian energy supply by Continue Reading
Sees FY oper profit at 2.4 trillion yen vs 3 trillion yen yr-ago Q4 operating profit down 33% on year; shares slip 5% FY oper pft target, Q4 result both Continue Reading
ENEOS, Idemitsu suspend signing new Russian oil import contracts Russian supply accounts for 4% of Japan’s oil imports Japan will ban “in principle” Russian oil imports following the latest commitment Continue Reading
Japan’s Prime Minister Fumio Kishida said the country must consider using more nuclear power, as the import-dependent nation grapples with rising fuel prices and a weak yen. Regulations in place Continue Reading
In 2018, when the power company Hope Energy entered Japan’s new retail electricity market, it thought it had a surefire strategy. Wholesale energy was becoming ever cheaper as liquefied natural Continue Reading
Japan raised its gasoline subsidy for oil distributors to the maximum figure of 25 yen ($0.1944) a litre for the seven days from April 21, up from 20.3 yen a Continue Reading
Highlights Lowering private reserves mandate by 13.5 mil barrels by Oct. 8 Extends earlier 7.5 mil barrels release by six months Japan will start on April 16 releasing 6 million Continue Reading
Bank of Japan Governor Haruhiko Kuroda faces another awkward communications challenge later this month when the central bank is poised to predict the strongest annual inflation since 1992 outside tax Continue Reading
Japan’s government has asked power companies to top up their liquefied natural gas (LNG) reserves and share energy resources, a person familiar with the contingency plan said, as civilian deaths Continue Reading
Japanese gas companies are preparing plans to source liquefied natural gas from Malaysia, Australia and the US in case of what they fear could be looming disruption of supply from Continue Reading
Highlights Reducing Russian coal imports in phases by finding alternative suppliers Japan steps into reducing overall Russia energy dependency including oil: PM Russia accounts for 11% of coal imports as Continue Reading
Japan may expand a subsidy program for gasoline and other fuels among measures under consideration to ease soaring energy costs, the industry minister said on Sunday. The measure will be Continue Reading
Highlights Considering ways to cut LNG, coal, oil dependency on Russia Building system for surveillance of coal supply for contingency To boost support via Jogmec for upstream oil, gas buys Continue Reading
Japan will ban the export of high-end cars and other luxury goods to Russia in its latest response to the Russian invasion of Ukraine, the trade ministry said on Tuesday. Continue Reading
Japan not under COVID-19-led movement curbs first time since early Jan Gasoline spot prices rise 37% year on year Japan’s domestic gasoline demand is expected to rise after the government Continue Reading
Japan on Tuesday issued an emergency plea for citizens, businesses and local authorities to conserve energy, warning of potential blackouts after a massive earthquake idled several power plants and unseasonably Continue Reading
Coal-fired power plant outages come amid low LNG stocks Spot electricity price surges on power plant outages All units at ENEOS’ Sendai, Chiba refineries shut A magnitude 7.4 earthquake occurred Continue Reading
Japan’s gasoline prices at the highest level in 13 years is forcing the government to give the maximum amount of subsidies for oil refiners and also consider measures to lower Continue Reading
Resource-poor Japan depends overwhelmingly on fossil-fuel imports to meet its energy needs, complicating calls for the nation to boycott Russia’s oil and liquefied natural gas (LNG) after Moscow’s invasion of Continue Reading
Highlights Allowing refiners, importers to lower stockpile by 4 days until April 8 Japan’s oil release equates to 12.5% of IEA’s total oil release Japan said it started March 10 Continue Reading
Highlights Subsidy payment rises to Yen 17.7/liter on the week, from Yen 5.0/liter Subsidy payments could reach upper limit of Yen 25/liter after March 17: sources The Japanese government more Continue Reading
Japanese firms are under deepening pressure over their ties to Russia and are scrambling to assess their operations, company and government insiders say, after Western rivals halted businesses and condemned Continue Reading
The head of Japan’s largest business lobby said on Monday the country’s imports of Russian crude could not be replaced immediately, as global discussions gathered pace about the possibility of Continue Reading
Japan may take more action in response to Russia’s invasion of Ukraine which could significantly impact Japan’s energy sector, a senior ruling party lawmaker said on Sunday, while expressing caution Continue Reading
Japan said on Friday it will appropriately deal with oil release from national reserves in cooperation with the International Energy Agency and relevant countries, after Russia’s attack on Ukraine fueled Continue Reading
Prior to the Fukushima disaster, nuclear power accounted for almost 30% of Japan’s energy mix, though it has since dropped to just 6.2% Japan is looking to reboot its nuclear Continue Reading
In talks with oil, gas producers, IEA on supply contingency Has 240 days worth oil reserves, 2-3 weeks of LNG stocks Biden to meet G7 counterparts Feb. 24 Japan does Continue Reading
Japan’s first hydrogen fuel cell train “Hybari.” Japan’s largest railway company will begin testing the country’s first hydrogen-fueled train next month in a step toward the nation’s goal of becoming Continue Reading
Japan’s oil and metals giant Eneos Holdings Inc (5020.T) expects it will be able to procure alternative oil in spot markets even if it becomes difficult to buy crude from Continue Reading
A Tesla Model 3 inside the company’s showroom in Shibuya. Tatsuya Arai, a 36-year-old entrepreneur in Tokyo, never saw the appeal of owning a car until he watched a YouTube Continue Reading
Tokyo’s new COVID-19 cases exceeded 20,000 for the first time on Wednesday, dimming hopes that an Omicron-fuelled wave of infections in Japan is peaking out. Nationwide cases reached a record Continue Reading
Japan is set to import the highest quantity of coal in January in just over two years, as utilities scramble to get supplies for power generation amid high spot liquefied Continue Reading
Highlights Several power utilities in the market to buy spot LNG Set to focus on long-term contracts in 2022 amid high spot prices But remain prone to spot purchase on Continue Reading
Tokyo recorded its fourth record number of daily COVID-19 infections on Saturday, breaking above 10,000, while Japan’s exceeded 50,000 for the first time as the Omicron variant continues to spread Continue Reading
Japan on Wednesday widened COVID-19 curbs to the capital Tokyo and a dozen regions covering half the population as the Omicron variant of coronavirus drove record new infections. Already in Continue Reading
Gas shows indicate more than Japan’s total 1 Tcf recoverable gas reserves Estimated gas production equates to 1.2% of the country’s consumption Gas self-sufficiency rate seen rising to 3.4%, from Continue Reading
Sony Group Corp. said it would create a car unit and explore entering the electric-vehicle market, in another sign of how the electronics and car businesses are overlapping. At the CES Continue Reading
A massive winter storm was expected to dump nearly a meter of snow on some parts of Japan, snarling transport during a peak travel period over the New Year holiday Continue Reading
A powerful storm rammed western Japan with record snowfall, disrupting flights, train travel and leaving hundreds without power. Snowfall surpassed 70 centimeters (28 inches) in the cities of Hikone and Continue Reading
As cases of a new coronavirus variant are confirmed around the world, Japan announced Monday that it will suspend entry of all foreign visitors, joining an increasing number of countries Continue Reading
An employee of Tokyo Electric Power Co. (TEPCO) looks up at a tank reserved for storing treated water at the tsunami-crippled Fukushima Daiichi nuclear power plant in Okuma town, Fukushima Continue Reading
Japanese refiners are dusting off unused supply chains for fuel oil and getting coastal vessels and storage tanks ready after receiving requests from electric utilities to supply more fuel oil Continue Reading
Japan will release a few hundred thousand kilolitres of oil from its national reserve, but the timing of the sale has not been made, the country’s industry minister, Koichi Hagiuda, Continue Reading
Japanese officials are working on ways to get around restrictions on releasing national reserves of crude oil in tandem with other major economies to dampen prices, four government sources with Continue Reading
Japanese officials are working on ways to get around restrictions on releasing national reserves of crude oil in tandem with other major economies to dampen prices, four government sources with Continue Reading
Japanese Prime Minister Fumio Kishida said on Saturday his government is considering releasing oil from its reserves in response to rising crude oil prices, Kyodo news agency reported. It would Continue Reading
Japan unveiled a record $490 billion spending package on Friday to cushion the economic blow from the COVID-19 pandemic, bucking a global trend towards withdrawing crisis-mode stimulus measures and adding Continue Reading
Japan’s economy contracted much faster than expected in the third quarter as global supply disruptions hit exports and business spending plans and fresh COVID-19 cases soured the consumer mood. While Continue Reading
